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Australian (ASX) Food and Staples Retail Industry Analysis

UpdatedAug 07, 2026
DataAggregated Company Financials
Companies4
  • 7D-0.1%
  • 3M16.0%
  • 1Y16.2%
  • YTD22.3%

Over the last 7 days, the Food and Staples Retail industry has remained flat. The past year has been better, since the industry has gained 16% in that time. Earnings are forecast to grow by 16% annually.

Industry Valuation and Performance

Has the Australian Food and Staples Retail Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 08 Aug 2026AU$91.4bAU$144.8bAU$2.3b24.5x40.3x0.6x
Mon, 06 Jul 2026AU$89.1bAU$144.8bAU$2.3b23.4x39.3x0.6x
Wed, 03 Jun 2026AU$79.3bAU$144.8bAU$2.3b21x34.9x0.5x
Fri, 01 May 2026AU$80.6bAU$144.8bAU$2.3b22.6x35.5x0.6x
Sun, 29 Mar 2026AU$83.1bAU$144.8bAU$2.3b22.6x36.6x0.6x
Tue, 24 Feb 2026AU$77.7bAU$143.0bAU$2.8b21.5x28.2x0.5x
Thu, 22 Jan 2026AU$77.3bAU$150.3bAU$2.8b25.9x27.7x0.5x
Sat, 20 Dec 2025AU$76.3bAU$150.3bAU$2.8b26.7x27.3x0.5x
Mon, 17 Nov 2025AU$76.8bAU$150.3bAU$2.8b27.7x27.5x0.5x
Wed, 15 Oct 2025AU$75.0bAU$150.2bAU$2.8b27.8x26.6x0.5x
Fri, 12 Sep 2025AU$78.5bAU$150.2bAU$2.8b26.8x27.8x0.5x
Sun, 10 Aug 2025AU$79.4bAU$150.5bAU$3.5b23.6x22.4x0.5x
Tue, 08 Jul 2025AU$80.2bAU$150.5bAU$3.5b23.6x22.6x0.5x
Thu, 05 Jun 2025AU$81.4bAU$149.8bAU$3.5b24x23.1x0.5x
Sat, 03 May 2025AU$81.8bAU$149.1bAU$3.5b24.1x23.3x0.5x
Mon, 31 Mar 2025AU$74.8bAU$149.1bAU$3.5b22.3x21.3x0.5x
Wed, 26 Feb 2025AU$77.7bAU$147.0bAU$2.1b23.3x37.6x0.5x
Fri, 24 Jan 2025AU$74.3bAU$147.0bAU$2.1b22.7x35.9x0.5x
Sun, 22 Dec 2024AU$74.4bAU$147.0bAU$2.1b22.1x36x0.5x
Tue, 19 Nov 2024AU$73.8bAU$146.3bAU$2.1b21.5x35.7x0.5x
Thu, 17 Oct 2024AU$78.1bAU$146.9bAU$2.1b20x37.1x0.5x
Sat, 14 Sep 2024AU$82.7bAU$146.9bAU$2.1b20.3x39.3x0.6x
Mon, 12 Aug 2024AU$81.1bAU$142.8bAU$1.9b19.1x43.1x0.6x
Wed, 10 Jul 2024AU$78.8bAU$142.8bAU$1.9b18.4x41.8x0.6x
Fri, 07 Jun 2024AU$77.0bAU$142.8bAU$1.9b19.2x40.5x0.5x
Sun, 05 May 2024AU$74.3bAU$143.9bAU$2.1b16.6x36.2x0.5x
Tue, 02 Apr 2024AU$79.1bAU$143.9bAU$2.1b17.3x38.5x0.5x
Thu, 29 Feb 2024AU$77.5bAU$143.9bAU$2.1b16.6x37.8x0.5x
Sat, 27 Jan 2024AU$80.0bAU$140.9bAU$3.7b18.7x21.6x0.6x
Mon, 25 Dec 2023AU$80.0bAU$140.9bAU$3.7b17.4x21.6x0.6x
Wed, 22 Nov 2023AU$76.6bAU$140.8bAU$3.7b16.8x20.8x0.5x
Fri, 20 Oct 2023AU$79.5bAU$141.2bAU$3.8b17.5x21.1x0.6x
Sun, 17 Sep 2023AU$82.2bAU$141.2bAU$3.8b18.4x21.8x0.6x
Tue, 15 Aug 2023AU$86.4bAU$138.8bAU$4.0b19.6x21.8x0.6x
Price to Earnings Ratio

21.8x


Total Market Cap: AU$86.4bTotal Earnings: AU$4.0bTotal Revenue: AU$138.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Food and Staples Retail Industry Price to Earnings3Y Average 30.7x202420252026
Current Industry PE
  • Investors are optimistic on the Australian Consumer Retailing industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 40.3x which is higher than its 3-year average PE of 30.7x.
  • The industry is trading close to its 3-year average PS ratio of 0.54x.
Past Earnings Growth
  • The earnings for companies in the Consumer Retailing industry have declined 17% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the Australian Consumer Staples industry?

AU Market3.52%
Consumer Staples0.20%
Food and Staples Retail-0.098%
Food Distributors0.65%
Drug Retail0%0
Big Box Super Stores0%0
Food Retail-0.13%
Industry PE
  • Investors are most optimistic about the Food Retail industry which is trading above its 3-year average PE ratio of 33.9x.
    • Analysts are expecting annual earnings growth of 16.1%, which is higher than its past year's earnings decline of 18.4% per year.
  • Investors are most pessimistic about the Food Distributors industry, which is trading below its 3-year average of 14.1x.
Forecasted Growth
  • Analysts are most optimistic on the Food Retail industry, expecting annual earnings growth of 16% over the next 5 years.
  • This is better than its past earnings decline of 18% per year.
  • In contrast, the Food Distributors industry is expected to see its earnings grow by 4.0% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
WOW Woolworths GroupAU$40.281.3%
+AU$623.0m		27.8%PE82.3x
EDV Endeavour GroupAU$3.624.0%
+AU$251.4m		-10.4%PE17.3x
COL Coles GroupAU$24.190.4%
+AU$133.8m		17.1%PE31.9x
MTS MetcashAU$3.153.6%
+AU$121.0m		-21.4%PE12.4x

Latest News

EDV
AU$3.62
Endeavour Group
7D
4.0%
1Y
-10.4%
WOW
AU$40.28
Woolworths Group
7D
1.3%
1Y
27.8%
Narrative Update • Jul 27

WOW: Wage Rises And Supply Chain Scrutiny Will Test Fairly Priced Margins

The analyst price target for Woolworths Group is updated to A$36.49 from A$35.59, reflecting modest tweaks to revenue growth and discount rate assumptions, as well as slightly higher long term P/E expectations, even as some recent Street research has shifted to more cautious ratings on valuation and wage cost pressures. Analyst Commentary Recent Street calls on Woolworths Group highlight a mixed setup, with some analysts pointing to valuation constraints while others flag execution risks tied to higher wage costs and updated earnings forecasts.
MTS
AU$3.15
Metcash
7D
3.6%
1Y
-21.4%
Narrative Update • Jul 23

MTS: Fair Outlook Balances Wage Decision Impact And Index Reclassification

Analysts have lifted their price target on Metcash from A$2.80 to A$3.00, citing updated earnings assumptions following the Fair Work Commission's planned 4.75% retail wage increase for FY27, recent share price moves, and shifts in consensus forecasts. What's in the News for Metcash Metcash Limited (ASX:MTS) has been added to the S&P/ASX Small Ordinaries Index, according to index constituent changes.
COL
AU$24.19
Coles Group
7D
0.4%
1Y
17.1%
Narrative Update • Jul 13

COL: Digital Expansion And Automation Are Expected To Sustain Fair Value

Analysts have nudged their fair value estimate for Coles Group higher, with the price target moving from A$22.94 to about A$23.40. This reflects updated assumptions around revenue growth, discount rate and future P/E, alongside a slightly lower profit margin outlook.